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Silver Price Forecast: XAG/USD retreats toward 117.50 after hitting record highs
Silver price (XAG/USD) continues its winning streak that began on January 22, trading around $117.70 per troy ounce during the Asian hours on Thursday. Silver price surged to a fresh record high of $119.42 earlier, supported by persistent safe-haven demand amid economic and geopolitical uncertainty. The grey metal has climbed more than 65% so far this month. Investor appetite for precious metals, including Silver remained strong despite a rebound in the US Dollar (USD), highlighting robust hedging demand against currency risks. US Treasury Secretary Scott Bessent reiterated the US commitment to a strong dollar ... (full story)
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